OREANDA-NEWS. September 03, 2010. Results of audit of activity of the Azerbaijan Mortgage Fund (AMF) at the Central Bank of Azerbaijan (CBA), carried out  by the  Baker Tilly Azerbaijan LLC, were published.

AMF informed, the fund’s net profit for 2009 was confirmed at the level of AZN 806,496 against AZN 143,63 in 2008, and the volume of undistributed profit amounted to AZN  1.6 million versus AZN  798,395.

The fund’s assets  for last year grew  from AZN 68.886 million  to AZN 138.727 million. Their basis was made by mortgage loans, which increased  from AZN 59.56 million  to AZN 102.76 million.

Net  assets of AMF grew  from AZN 68.798 million  to AZN 80.76 million and their basis was made by transfers  from  the state budget – AZN 79.157 million.